Sapiens Enhances Life and Annuities Insurance Suite

Staff Writer | July 31, 2017

Sapiens International Corporation announces the general availability of the Sapiens ALIS 7 policy administration suite (Sapiens ALIS) for life and annuity carriers worldwide.

The software suite enables insurers to onboard and administer individual, group, and employee benefits business and support multiple lines of business for life, investment and savings, annuities, and medical products from a single, unified platform. The new version also features full pre-integration to the Sapiens Digital Suite, including agent and consumer portals, data warehouse and Sapiens’ advanced analytics solution.

“The enhanced suite was designed to meet rapidly changing industry needs. Individuals, employees and group members will all enjoy a user-friendly experience they have become accustomed to in their day-to-day lives, while allowing insurers to benefit from the replacement of ineffective and costly legacy systems,” said Alex Zukerman, vice president of product marketing and strategy, Life division, Sapiens. “Consolidation and modernization will lead to operational cost savings and greater efficiency for life insurers, powered by robust portal and business intelligence functionalities.”

Sapiens’ suite features service-oriented architecture (SOA) business services, to allow easy and rapid integration to any device with any technology, in accordance with the business logic of the operation. It also includes enhancements covering the configuration and set-up for products, processes and business rules. These features, along with pre-defined product templates, are expected to speed time to market for insurers.

“I would like to thank all of the Sapiens employees, who worked tirelessly on this innovative version, and our Sapiens ALIS clients for their ongoing feedback,” says Roni Al-Dor, Sapiens president and CEO. “Sapiens continues to invest in our flagship life suite, to continually increase the business value we deliver to our customers and partners.”

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